Apple(US:AAPL) Tai Mei Ti A P P·2025-07-04 03:34Group 1: Product Launch and Features - Honor has launched its first foldable smartphone, Magic V5, marking its strategic transformation into an AI terminal ecosystem company [2] - Magic V5 supports file interconnectivity across multiple operating systems, including HarmonyOS, iOS, and Android, and features various AI functionalities such as ride-hailing and PPT generation [2] - The device has a thickness of 8.8mm and weighs 217g, making it the lightest and thinnest foldable smartphone currently available [2] Group 2: Competitive Landscape - Apple is expected to begin production of its foldable iPhone by the end of Q3 or early Q4 2025, with Samsung supplying the foldable display [3] - The foldable smartphone market in China saw a decline of 9.6% year-on-year in Q4 2024, with shipments reaching 2.5 million units after nine consecutive quarters of growth [3] - Apple's entry into the foldable smartphone market is anticipated to accelerate the adoption and expand the user base of foldable devices [3] Group 3: IPO Details - Honor is progressing through its IPO process, having completed the first phase and currently in the second phase, which involves compliance with legal and regulatory requirements [4][5] - The IPO guidance is being provided by CITIC Securities, with the process expected to last from June 2023 to March 2024 [5] - Honor's registered capital is approximately 32.239 billion yuan, with the controlling shareholder holding 49.55% of the company [5]